Optimal Finance Daily Optimal Living Daily

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2715:
Explore how simplicity in investing outperforms the allure of high-risk ventures in Kevin Ha's enlightening piece. He demystifies investment strategies using personal anecdotes about his brother’s journey, underscoring the power of fundamental investment principles over chasing speculative gains.
Read along with the original article(s) here: https://financialpanther.com/dont-keep-joneses-comes-investing/
Quotes to ponder:
"Buy and hold. Time in the market. Keep costs low. These are all investing fundamentals that will get him to where he needs to be."
"Every time my brother brings up some new hot stock or a weird new investment vehicle, I remind him that investing doesn’t have to be fancy."
"You don’t need to keep up with the Joneses. Let them invest in whatever crazy way they want. You and I can stick to our boring old fundamentals."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2714:
In "When Intentional Parenting Kinda Sucks," Shawna Scafe candidly shares the complexities of aligning parenting expectations with reality. This heartfelt reflection explores the challenges of family road trips and the pressures of intentional parenting. Shawna's personal anecdotes offer comfort and camaraderie to parents grappling with their ideals versus the actualities of raising children.
Read along with the original article(s) here: https://simpleonpurpose.ca/family-road-trip-intentional/
Quotes to ponder:
"Sometimes those ‘things’ and ‘intentions’ kind of suck to put into progress."
"I get so overwhelmed with the crying and the fits. I get so frustrated that I become irrational. THEN every little thing that has ever made me mad is like, ‘oh heeeeey! you haven’t thought about me in a while, let’s hang out in your brain and mess up your ability to be loving and kind’."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2713:
Lisa Harrison of MadMoneyMonster.com reveals how adopting a frugal lifestyle can drastically expand your life choices, sharing practical steps from reducing TV subscriptions to smart entertainment and food budgeting. She underscores the joy and liberation that frugality brings, illustrating that living within means does not mean living less but rather enriching life by focusing on what truly matters.
Read along with the original article(s) here: https://madmoneymonster.com/2017/07/21/shifting-to-a-frugal-mindset-has-given-us-options/
Quotes to ponder:
"Taking that $200/month and investing it into low-fee index funds gives me a much bigger rush than having 500 cable channels at my disposal."
"Entertainment doesn’t need to cost money. We started bucking that trend years ago and couldn’t be happier."
"Shifting to a frugal mindset was the start of a wonderful life and a bright future for our family."
Episode references:
The Simple Path to Wealth" by J L Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2712:
Lisa Harrison of MadMoneyMonster.com shares her journey towards adopting a frugal mindset with her partner, illustrating the profound impact it has had on their financial independence and lifestyle. By redefining their approach to spending, particularly in areas like housing and clothing, they've cultivated a life rich in options and freedom, proving that less can indeed be more.
Read along with the original article(s) here: https://madmoneymonster.com/2017/07/21/shifting-to-a-frugal-mindset-has-given-us-options/
Quotes to ponder:
"Change is work. It’s something we can choose to do or something that can be thrust upon us."
"We needed to shift to a frugal mindset."
"Reducing your expenses allowed me to tap into an abundance-filled state of creativity and resourcefulness in getting my needs met."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2711:
Dive into the insightful strategies Miranda Marquit shares in "3 Early Retirement Planning Ideas" to fast-track your path to financial independence. Explore practical steps like disciplined saving and investing, creating multiple income streams, and embracing mini-retirements to retire earlier than you might expect.
Read along with the original article(s) here: https://www.goodfinancialcents.com/3-early-retirement-planning-ideas/
Quotes to ponder:
"Disciplined investing involves considering how much you need in your portfolio to create an income stream you can live off of."
"Start cultivating multiple income streams now, so they are established and mostly automatic by the time you are ready for early retirement."
"If you want to enjoy life now and aren't concerned about having a huge chunk of time to try and kill when you are older, you can plan to take mini-retirements."
Episode references:
The 4-Hour Workweek: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2710:
JD Roth of GetRichSlowly.org introduces the Balanced Money Formula by Elizabeth Warren and Amelia Tyagi, providing an innovative approach to managing personal finances without a traditional budget. Roth explores how simplifying budgeting into three categories - Needs, Wants, and Savings - can help achieve financial equilibrium and reduce stress about money management.
Read along with the original article(s) here: https://www.getrichslowly.org/the-balanced-money-formula/
Quotes to ponder:
"When your money is in balance, you always have enough to pay your bills, have some fun, and save for your dreams. And here is the best part of all. Once your money is in balance, you can stop worrying about it."
“You can spend your Wants money on anything that strikes your fancy, so long as you stay within 30% of your income.”
“You certainly won't get into trouble spending like this on Wants. Even so, you should ask yourself - are you making enough room for fun?”
Episode references:
All Your Worth: The Ultimate Lifetime Money Plan by Elizabeth Warren and Amelia Tyagi: https://www.amazon.com/All-Your-Worth-Ultimate-Lifetime/dp/0743269888
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